Australian transfer pricing – the new frontier

Australia has been a leading advocate for change in relation to the OECD’s Base Erosion and Profit Shifting (“BEPS”) initiatives and the Australian Taxation Office (“ATO”) is currently focusing considerable resources to challenge the well-publicised transfer pricing practices of a number of high-profile e-commerce multinationals.

Over the past decade Australia has been at the forefront of transfer pricing developments. Australia is a very active participant at the OECD in relation to international tax and transfer pricing matters and has been a leader in the push to clarify and in some cases expand the interpretation of the arm’s length principle. This has culminated in the new legislation introduced to Australia with effect from the 2013/2014 income year, which has seen new interpretations of the arm’s length principle in a number of areas. As Chair of the G20 for 2014, Australia has been a leading advocate for change in relation to the OECD’s Base Erosion and Profit Shifting (“BEPS”) initiatives and the Australian Taxation Office (“ATO”) is currently focusing considerable resources to challenge the well-publicised transfer pricing practices of a number of high-profile e-commerce multinationals.

Multinationals with interest in how the arm’s length principle and BEPS are evolving; and

Practitioners that have clients either with operation in Australia or with interest in the evolution of the arm’s length principle and the BEPS program

Earn up to 1.0 CPE Credits

Contact Information:

For more information, contact Guy Sanschagrin at (952) 955-6677.

Worldwide Trade Partners LLC (d/b/a WTP Advisors) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through this website: www.learningmarket.org

Guy holds an MBA in Finance and International Business from the University of Chicago's Booth School of Business. Additionally, he holds a BS in Industrial Engineering from Boston's Northeastern University. Guy is also a Minnesota licensed CPA, a Minnesota Society of CPAs member, and an AICPA member. He is certified as Accredited in Business Valuation (“ABV”) by the AICPA.

Guy is a past president of the American Society of Appraisers, Twin Cities Chapter. He also serves on the Minnesota International Center's Board of Directors. In this latter capacity, Guy is the Treasurer / Chair of the Finance and Audit Committee and a member of the Executive Committee. The April 2012 issue of Transfer Pricing International includes Guy’s article, “Intercompany Services and Intangibles.”

Douglas Fone – Managing Director, Quantera GlobalDouglas has over 25 years of international tax and transfer pricing experience in a variety of locations across Asia, Europe and Australia, having lived and worked in London, Hong Kong, Singapore and Sydney. He was previously a Global Partner in a boutique transfer pricing firm. Douglas holds an Honours law degree from King’s College London and is a qualified Chartered Accountant in the United Kingdom (ICAEW). He has participated in more than 500 transfer pricing planning, documentation and dispute resolution projects in over 15 years of full-time experience in providing Asia Pacific transfer pricing advice and has been nominated in Euromoney’s Guide to the World’s Leading Transfer Pricing Advisers. He is a regular presenter at conferences and seminars around the region.Doug also has professional working relationships with tax authorities around the Asian region, including those in Australia, Indonesia, China, Malaysia, Singapore and Korea.

Stean Hainsworth – Executive Director Quantera GlobalStean has over 20 years of legal and tax experience, specializing in transfer pricing. Previously he was a Director of an international transfer pricing firm, a global advisory firm as the transfer pricing leader for Asia, and worked as a senior transfer pricing specialist for a Big 4 firm in New Zealand, Canada and Australia. Stean holds a Bachelor of Laws from Victoria University of Wellington and is a Barrister and Solicitor of the High Court of New Zealand.Stean has advised numerous clients across a wide range of industries that operate in multiple jurisdictions and that have had varying risk profiles. This extensive experience enables him to provide practical and appropriate transfer pricing advice that is specific to his clients’ facts and circumstances. Stean has also authored a number of transfer pricing articles and speaks regularly on transfer pricing matters at seminars in Australasia, South-East Asia, North America and Europe.

Ashish Dave – Director Quantera GlobalAshish has over 13 years of experience in international tax, specialising in transfer pricing. He has worked in a variety of locations including Australia and Asia, including India. Previously he was a Director in a Big 4 firm, where he has spent last 9 years in Australia and around 4 years in India. He holds a Bachelor of Commerce from Mumbai University and is a Chartered Accountant from the Institute of Chartered Accountants in India. Ashish has advised a wide range of clients across industries that operate in multiple jurisdictions and has prepared transfer pricing documentation and performed benchmarking studies for both large businesses and for small to medium sized enterprises operating in Australia and across Asia. He has been involved in numerous transfer pricing reviews and audits with the Australian Taxation Office and has negotiated successful outcomes.Ashish is a regular presenter at conferences and seminars in Australia and webinars to audiences throughout Asia.